Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Partnership will integrate USDC and EURC into Tereina's platform, enabling businesses to send and receive stablecoin payments without leaving the applications they already use
PALO ALTO, California and NEW YORK — October 7 2026 — Tereina, an SAP-backed financial services company built to embed agentic payments directly into the business applications enterprises already run, and Circle Internet Group (Circle) (NYSE:CRCL), one of the world’s leading internet financial platform companies and the issuer of USDC and EURC through its regulated entities1, today announced a partnership to integrate USDC and EURC into Tereina’s payments infrastructure, starting with SAP Cloud ERP.
The collaboration is designed to make stablecoin-powered payments easier for enterprises to adopt by bringing USDC and EURC into existing business applications and financial workflows. Rather than requiring finance teams to introduce separate systems for stablecoin payments, the integration will provide eligible businesses with a path to access Circle's stablecoin infrastructure from environments they already use.
For eligible USD-denominated payment workflows, USDC will serve as the preferred stablecoin, while EURC will provide an option for euro-denominated activity. Together, they give participating businesses additional choice in how they move and settle value, with access to blockchain-based settlement and new options for managing global payments and treasury operations.
Through this partnership with Tereina, Circle's USDC and EURC integration is available to SAP customers via SAP Pay, addressing an ecosystem that generates 84% of global commerce and bringing digital currency infrastructure into an established enterprise payments environment at significant scale, without requiring businesses to replace the applications at the center of their existing operations.
Over the coming months, Tereina and Circle plan to conduct joint proof-of-value programs with customers, train treasury and payments specialists and work with ecosystem partners to incorporate stablecoin-enabled payments into broader enterprise transformation initiatives. The companies also intend to develop insights around real-world enterprise stablecoin adoption as implementations progress.
"Stablecoins are increasingly becoming a core infrastructure layer for global commerce. Working with Tereina to bring USDC and EURC into the applications that enterprises already use is an important step toward making internet-native money easier to integrate into everyday business operations. By connecting Circle's infrastructure with Tereina’s enterprise payment workflows, we can help businesses realize the benefits of faster, more programmable and more globally accessible money movement." - Jeremy Allaire, Co-Founder, Chairman and CEO of Circle
"Tereina is built on the core belief that the future of financial services is agentic, embedded, and digital. This partnership with Circle makes it easy to move into the future without changing how businesses already operate — stablecoin payments become a native feature of the applications they already trust." — Cedric Bru, CEO, Tereina
1 USDC and EURC are issued by regulated affiliates of Circle. See Circle’s list of regulatory authorizations at circle.com/legal/licenses.For further information please contact:
[email protected]
[email protected]
About Tereina
Tereina is a financial services provider built to embed agentic capabilities in businesses' applications and processes payments across traditional and digital rails. Backed by SAP and led by CEO Cedric Bru, Tereina is EPIC: Embedded Payments to Ignite Commerce. For more information, visit www.tereina.com.
About Circle
Circle (NYSE: CRCL) is one of the world’s leading internet financial platform companies, building the foundation of a more open, global economy through programmable blockchain infrastructure, digital assets, and payment applications. Circle’s platform includes the world’s largest stablecoin network anchored by USDC, Circle Payments Network for global money movement, and Arc, an enterprise-grade blockchain designed to become the Economic OS for the internet. Enterprises, financial institutions, and developers use Circle to power trusted, internet-scale financial innovation. Learn more at circle.com.
Circle and Tereina have partnered to integrate USDC and EURC into enterprise payment workflows through SAP Pay. That puts the two stablecoins inside the systems businesses already use to pay suppliers, rather than in a separate crypto app.
What SAP Pay actually does Tereina, a payments firm backed by SAP, launched SAP Pay on October 6, 2026. The product took 2.5 years to build.
Circle and Tereina confirmed their partnership a day later, on October 7, 2026. The deal covers USDC and EURC transactions inside SAP Pay.
SAP Pay lives inside SAP Cloud ERP. Businesses can pay suppliers and other stakeholders from within the ERP using traditional currencies or stablecoins.
The service supports a range of payment rails, including ACH, EFT, wire, check and stablecoin settlement.
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SAP Pay also includes automated reconciliation, fraud detection and multi-rail routing. Multi-rail routing means the system can pick which payment method to use for a given transaction, rather than forcing finance teams to choose manually every time.
The numbers behind the launch Tereina claims SAP Pay can cut payment costs by up to 25%. The firm says it gets there by partnering with existing service providers instead of trying to compete with them head-on.
At launch, SAP Pay is available in the US and the UK. It can transact across 89 global payment corridors.
On the blockchain side, the Arc blockchain is the preferred network for eligible SAP Pay transactions. Arc launched on September 16, 2026, so it went from debut to enterprise deployment in about three weeks.
No other crypto assets were mentioned in the official updates around the deal, keeping the focus squarely on USDC and EURC.
Why SAP moving into payments matters SAP Pay marks SAP’s first move into native payment integration within its Cloud ERP. Historically, the system relied on external payment providers to handle the actual movement of funds.
For Circle, the partnership fits its ongoing push to expand USDC and EURC usage within existing networks. Instead of asking companies to adopt new crypto workflows, it is placing its tokens inside workflows companies already run every day.
What this means for stablecoins and enterprise software Embedding USDC and EURC as one option among ACH, wires and checks lowers the adoption barrier. A finance team does not need to become a crypto team to try a stablecoin settlement.
The inclusion of EURC alongside USDC is also worth noting. With SAP Pay live in both the US and UK and spanning 89 corridors, a euro-denominated option gives companies with European exposure a native alternative to converting everything through dollars.
The 25% cost reduction figure is Tereina’s claim, framed as a potential ceiling rather than a guaranteed result. Real-world savings will likely vary by corridor, payment method and company size.
Arc’s role adds another layer. A blockchain only weeks old being named the preferred network for eligible enterprise transactions is a meaningful early test, and its performance under real corporate volume will shape how much trust it earns.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
Circle has partnered with SAP-backed Tereina to bring USDC and EURC payments into SAP business software, starting with SAP Pay and SAP Cloud ERP.
Summary
Circle and Tereina will integrate USDC and EURC into SAP Pay for eligible enterprise customers. SAP says its customers generate 84% of global commerce, giving the integration extensive enterprise reach. Arc will serve as the preferred blockchain for the partnership’s initial stablecoin payment workflows globally. USDC circulation stood at $74.1 billion on October 5, according to Circle’s latest reserve data. Tereina and Circle plan customer pilots, training programs, and enterprise stablecoin studies over coming months. Circle announced the agreement on Oct. 7, saying eligible companies will be able to send and receive stablecoin payments through applications they already use. USDC will serve as the preferred stablecoin for eligible dollar-denominated payments, while EURC will support euro-denominated activity.
The companies said Arc, Circle’s Layer 1 blockchain, will be the preferred blockchain for the initial payment workflows. Tereina and Circle plan to begin customer proof-of-value programs over the coming months before expanding implementations.
Circle brings stablecoins directly into SAP Pay The partnership connects Circle’s stablecoins with SAP Pay, which Tereina operates inside SAP Cloud ERP. Finance teams can therefore access supported stablecoin payment functions without moving transactions into a separate application.
Circle 🤝 Tereina
Circle and Tereina are partnering to bring USDC and EURC into enterprise payment workflows, beginning with SAP Pay, where Arc serves as the preferred blockchain.
For eligible businesses, that means more ways to move and settle value through the applications… pic.twitter.com/L5KUHO8WsP
— Circle (@circle) October 7, 2026 SAP describes SAP Pay as an embedded payment service capable of handling traditional rails alongside stablecoins such as USDC. The platform can execute payments and reconcile them against invoices or purchase orders inside existing SAP workflows.
Current SAP Pay capabilities cover more than 40 currencies and 89 payment corridors. The product supports ACH, wire transfers, checks, electronic funds transfers and stablecoin payments through one connection, according to SAP.
SAP says customers can use a pre-integrated Circle Mint account for USDC payments. Payment execution runs through SAP workflows, while companies retain control over payment timing, currency and method.
Circle’s Oct. 7 announcement expands that setup to EURC for qualifying euro-denominated activity. The companies did not disclose participating customers, expected payment volume or a timetable for full commercial deployment.
SAP gives the partnership access to a large business network The companies presented SAP’s enterprise reach as a central part of the agreement. Circle’s release says the integration addresses an SAP ecosystem linked to 84% of global commerce.
SAP’s July 2026 corporate fact sheet independently states that its customers generate 84% of total global commerce. The document says 99 of the world’s 100 largest companies use SAP products, while 86 use SAP S/4HANA.
SAP introduced SAP Pay as part of its push to place payment execution directly inside Cloud ERP. The company says the system can execute and reconcile a payment within the same workflow when an invoice becomes due, reducing manual file handling and reliance on external processing.
For stablecoins, SAP’s product documentation says businesses can connect their ERP environment to blockchain payment rails and process payments around the clock. The company promotes almost-instant settlement, though actual settlement times can depend on the blockchain, provider and transaction involved.
Arc will handle the preferred blockchain route Arc gives the partnership a blockchain developed specifically around Circle’s stablecoin infrastructure.
Circle launched Arc’s public mainnet on Sept. 16. The network uses USDC for transaction fees and was launched with more than 100 institutional and ecosystem builders. Circle’s founding validator group includes Mastercard, Visa, BlackRock, DTCC, Standard Chartered, ICE and other financial firms.
In previous crypto.news coverage, Arc launched with deterministic sub-second settlement, USDC-based gas fees and support for more than 20 fiat stablecoins. Eleven institutional validators initially participated in securing the network.
Circle has since expanded the assets that can move through its cross-chain infrastructure connected with Arc. As crypto.news reported, Circle’s Cross-Chain Transfer Protocol now supports native EURC and cirBTC transfers on selected Arc routes alongside USDC.
The Tereina partnership does not require every SAP Pay transaction to settle on Arc. Circle described Arc as the preferred blockchain, while SAP Pay supports several payment rails and lets businesses retain control over payment methods.
USDC already has $74 billion in circulation Circle’s latest reserve data places USDC circulation at $74.1 billion as of Oct. 5, backed by $74.3 billion in total reserves. Circle’s transparency page shows $9.4 billion of USDC issued and $10 billion redeemed during the previous seven days.
USDC activity has expanded alongside Circle’s institutional payment products. Circle reported $14.8 trillion of USDC on-chain transaction volume during the second quarter of 2026, up 151% from a year earlier. USDC circulation stood at $73.3 billion at the end of that quarter.
Circle Payments Network reached $14.7 billion in annualized transaction volume based on the trailing 30 days at the end of the second quarter. The company reported 175 financial institutions enrolled in the network at the time.
In related crypto.news coverage, Circle expanded its managed payment service so banks and payment firms can use stablecoin settlement without directly managing custody or blockchain infrastructure. Circle handles USDC minting, burning and payment orchestration under that service.
Circle has tested enterprise stablecoin settlement internally as well. As crypto.news previously reported, Circle settled $68 million in transfers between eight corporate entities in less than 30 minutes using USDC and Circle Mint.
Customer trials are the next step Tereina and Circle plan to run proof-of-value programs with customers during the coming months. They will train treasury and payments specialists and work with ecosystem partners on stablecoin-enabled enterprise payment projects.
Neither company has disclosed which SAP customers will participate first or how many businesses have committed to testing USDC or EURC through the new integration.
Circle CEO Jeremy Allaire said stablecoins are becoming a “core infrastructure layer for global commerce” and described integration with existing business applications as a way to make digital money easier for enterprises to use.
Tereina CEO Cedric Bru said the company wants stablecoin payments to become “a native feature” inside applications businesses already use. The companies have not published transaction-volume targets for the partnership or a date for completing the initial proof-of-value programs.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
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Circle and SAP-backed Tereina are bringing USDC and EURC into enterprise payment workflows, starting with SAP Pay and SAP Cloud ERP for eligible business customers.
Circle and Tereina Add Stablecoins to SAP Workflows Circle and Tereina announced a partnership on October 7 to integrate USDC and EURC into Tereina’s payment infrastructure. The rollout will start with SAP Cloud ERP and SAP Pay
Eligible businesses will be able to send and receive stablecoin payments from applications they already use. USDC will be used for dollar transactions, while EURC will handle euro transactions.
In addition, the system is designed to minimize the need for a separate stablecoin payment system. Instead, finance teams can access blockchain settlement through existing enterprise tools and treasury workflows.
The enterprise software network of SAP supports a large share of global commerce. The partnership offers Circle access to a wide range of business clients that do not need to change their core systems.
Arc Will Support Enterprise Settlement Arc will serve as the preferred blockchain for the payment setup. At the same time, businesses will be able to use blockchain-based settlement without leaving familiar financial systems tied to SAP.
Circle CEO Jeremy Allaire said stablecoins are becoming part of global payment infrastructure. Accordingly, he said the partnership can help bring USDC and EURC into “everyday business operations.”
Tereina CEO Cedric Bru said the goal is to make stablecoin payments a native feature inside enterprise applications. Meanwhile, the companies also plan customer trials, staff training, and cooperation with payments teams.
Circle has been steadily growing its footprint in digital asset markets. As earlier reported by CoinGape, crypto exchange OKX raised funds at a $25 billion valuation. The round attracted investment from Circle, Ripple, Standard Chartered’s investment arm, and Qube Research & Technologies.
Circle Expands Enterprise Stablecoin Reach The partnership also coincides with Circle’s efforts to gain more regulatory access in key markets. As earlier reported by CoinGape, Circle urged changes to MiCA stablecoin rules.
Circle and Tereina are aiming to roll out proof-of-value programs with certain customers in the near future. Additionally,the companies plan to train treasury and payments specialists during the rollout.
Meanwhile, both companies plan to collaborate with ecosystem partners to expand the use of stablecoins in enterprise finance. This work will focus on payment settlement, treasury operations, and cross-border value movement.
For now, the rollout centers on SAP Pay and SAP Cloud ERP. However,the companies have not announced a full deployment timetable beyond the initial customer programs.
For more on enterprise-grade networks like Arc, explore how top-tier stablecoin infrastructure platforms power secure and programmable payment systems.
Circle has added Solana to its USDC Bridge, giving users a direct route to move native $USDC between Solana and 18 other blockchain ecosystems from a single, first-party interface.
What the Integration Does Circle's USDC Bridge at bridge(.)usdc(.)com now supports Solana, letting users move native USDC between Solana and 18 other chains through Circle's own interface. The key word is native:
That matters because wrapped tokens carry their own risks and add complexity for traders and developers.
Solana's addition is notable because
Why It Matters for Solana's Ecosystem The update removes a meaningful gap in Circle's own product suite. Previously, Solana users who wanted to move USDC cross-chain through CCTP had to rely on third-party apps built on top of the protocol. Now they can do it directly through Circle's interface, reducing friction and counterparty steps.
The timing reflects Solana's growing weight in the stablecoin market.
For developers, the update also means Solana apps and markets are now reachable through a unified bridge, simplifying the user journey for anyone moving liquidity into the ecosystem from Ethereum, Base, Arbitrum, or other supported networks.
Sources:
Solana Compass: Circle's USDC Bridge Adds Solana, Linking It to 18 Other Chains
Genfinity: Circle Launches USDC Bridge for Native Cross-Chain Stablecoin Transfers
The Block: Circle Rolls Out USDC Bridge for Native Cross-Chain Stablecoin Transfers
Pulsar Targets Seamless Cross-Currency Spending on ArcPulsar Money is building a stablecoin-native money app on Arc, aiming to make multi-currency payments as straightforward as using a conventional banking app.
The app is building multiple funding routes, including bank transfer, card, Apple Pay, and 1:1 stablecoin deposits, with ACH and SEPA support planned, all converging into one balance.
Arc's Infrastructure Powers the Experience Behind the ScenesUnder the hood, Arc gives Pulsar Money the infrastructure for USDC-based fees, deterministic finality, USDC and EURC flows, StableFX for currency conversion, and Circle infrastructure for crosschain stablecoin movement. The design philosophy is deliberate: stablecoins power the experience without becoming the interface.
For Pulsar Money, that breadth of infrastructure provides a foundation to expand currency support over time as the ecosystem grows.
Sources:
Pulsar Money Launches on Arc to Bring Multi-Currency Stablecoin Banking to Europe — Cryptowisser
What Is Arc? The Stablecoin Blockchain From USDC Issuer Circle — Decrypt
Circle Launches Arc Mainnet With USDC as Native Gas Token — TradingView
In brief Circle's USDC account shared a photo of DJ Khaled, welcoming him to "team USDC" in a cheeky post on X. Crypto Twitter wasn't having it, and quickly replied with reminders of Khaled's history of crypto promotions gone wrong. But Circle is Chelsea FC's front-of-shirt partner, and Khaled is featured in the club's separate Roc Nation deal announced in May. So it's probably not what it seems. Circle, the issuer behind the USDC stablecoin, welcomed rapper DJ Khaled to “team USDC” in a post on X on Monday—and Crypto Twitter lost its collective mind. But it’s probably not what it seems.
Here’s what happened, and what appears to have caused the drama: USDC's official X account posted a photo of DJ Khaled wearing a Chelsea jersey with "USDC by Circle" across the chest, captioned "Another one," a nod to his signature catchphrase. About four hours later, Circle CEO Jeremy Allaire shared it with a note addressed to the rapper: "DJ Khaled welcome to team USDC."
Myriad: How high will Bitcoin go? Click to make your prediction.Nothing in either post announces a sponsorship, an ambassador role, or any money. It reads more like a cheeky nod. Circle is Chelsea's official front-of-shirt sponsor, and Khaled turns up at the club through a separate door: Chelsea's Roc Nation announcement in May involved DJ Khaled as a promotional stunt.
But direct sponsorship or not, Crypto Twitter wasn’t having it, given DJ Khaled’s checkered history in crypto.
"Please don't work with scammers like this," Joseph Schiarizzi posted on X. “You really want people who have paid hundreds of thousands of dollars in fines to the SEC for illegally not disclosing payments they received for promoting ICOs representing your brand?”
Schiarizzi was referring to the scandal involving the fraudulent Centra ICO. The founders behind Centra went to jail way back in 2020. DJ Khaled, among many other celebrities, promoted the token—and Khaled paid over $150,000 in fines to the SEC for not disclosing it was a paid deal.
So, you could be forgiven for thinking DJ Khaled was being paid to promote USDC, and maybe not disclosing it again, and for publicly chastising Circle, a billion-dollar publicly listed company, for associating with the rapper. But that doesn’t appear to be what’s going on. Still, Crypto Twitter is big mad. After all, the internet never forgets.
Pseudonymous crypto sleuth Wazz Crypto went sarcastic, suggesting Circle sponsor Kim Kardashian next, because she's an "outspoken advocate" of stablecoins that "lines up perfectly" with the brand.
For those who don’t get the joke, the SEC ordered Kardashian to pay $1.26 million in penalties, disgorgement and interest in 2022 for promoting the EthereumMax token on Instagram without disclosing a $250,000 payment.
I think you should sponsor Kim Kardashian she has been an outspoken advocate for the use of stablecoins for cross border payments, lines up perfectly with the brand message you're trying to pass
— Wazz (@WazzCrypto) October 6, 2026
Taylor Monahan, formerly of Metamask, went hard: “Circle really hired the guy who was charged with promoting one of the only ICO scams that was so stupid, so blatantly fraudulent, so criminal that it was written up in NYTimes and then promptly prosecuted by DOJ and SEC?” she posted on X.
Circle really hired the guy who was charged with promoting one of the only ICO scams that was so stupid, so blatantly fraudulent, so criminal that it was written up in NYTimes and then promptly prosecuted by DOJ *and* SEC???????https://t.co/a7rAMIU5WU https://t.co/nMz60TK50R
— Tay 💖 (@tayvano_) October 6, 2026
For the record, the SEC and DOJ never charged Khaled with fraud, just to avoid any possible confusion. The case against the rapper was about an undisclosed payment.
In September 2017, Khaled had 12.4 million Instagram followers when he posted a photo of himself with a Centra Tech debit card, per the order, calling it "the ultimate winner in Cryptocurrency debit cards" and telling them: "Get your CTR tokens now!"
CTR was the token from Centra's ICO—an initial coin offering, a fundraiser where a startup sells its own digital tokens to the public, like a stock sale without the stock. Centra paid Khaled $50,000 for the post, per the SEC, and he didn't tell his followers. The law says that if someone pays you to promote an investment, you have to say so, because otherwise an ad can pass for an honest tip.
The product was fiction. Prosecutors said the Visa and Mastercard partnerships behind Centra's crypto card were fake, and so was its CEO, a "Michael Edwards" with a Harvard MBA who didn't exist.
Centra raised over $25 million. Co-founder Robert Farkas pleaded guilty and got one year and one day; Sohrab Sharma got eight years and had to forfeit $36 million. Netflix later made a documentary, Bitconned, about the Centra scam.
Khaled settled with the SEC and paid the fine. Khaled's two-year agreement not to take pay for promoting securities expired on November 29, 2020, so he’s more than welcome to strike deals with any crypto company he wants—and Crypto Twitter will be right there to call it out, no doubt.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Circle's USDC account shared a photo of DJ Khaled, welcoming him to "team USDC" in a cheeky post on X. Crypto Twitter wasn't having it, and quickly replied with reminders of Khaled's history of crypto promotions gone wrong. But Circle is Chelsea FC's front-of-shirt partner, and Khaled is featured in the club's separate Roc Nation deal announced in May. So it's probably not what it seems. Circle, the issuer behind the USDC stablecoin, welcomed rapper DJ Khaled to “team USDC” in a post on X on Monday—and Crypto Twitter lost its collective mind. But it’s probably not what it seems.
Here’s what happened, and what appears to have caused the drama: USDC's official X account posted a photo of DJ Khaled wearing a Chelsea jersey with "USDC by Circle" across the chest, captioned "Another one," a nod to his signature catchphrase. About four hours later, Circle CEO Jeremy Allaire shared it with a note addressed to the rapper: "DJ Khaled welcome to team USDC."
Myriad: How high will Bitcoin go? Click to make your prediction.Nothing in either post announces a sponsorship, an ambassador role, or any money. It reads more like a cheeky nod. Circle is Chelsea's official front-of-shirt sponsor, and Khaled turns up at the club through a separate door: Chelsea's Roc Nation announcement in May involved DJ Khaled as a promotional stunt.
But direct sponsorship or not, Crypto Twitter wasn’t having it, given DJ Khaled’s checkered history in crypto.
"Please don't work with scammers like this," Joseph Schiarizzi posted on X. “You really want people who have paid hundreds of thousands of dollars in fines to the SEC for illegally not disclosing payments they received for promoting ICOs representing your brand?”
Schiarizzi was referring to the scandal involving the fraudulent Centra ICO. The founders behind Centra went to jail way back in 2020. DJ Khaled, among many other celebrities, promoted the token—and Khaled paid over $150,000 in fines to the SEC for not disclosing it was a paid deal.
So, you could be forgiven for thinking DJ Khaled was being paid to promote USDC, and maybe not disclosing it again, and for publicly chastising Circle, a billion-dollar publicly listed company, for associating with the rapper. But that doesn’t appear to be what’s going on. Still, Crypto Twitter is big mad. After all, the internet never forgets.
Pseudonymous crypto sleuth Wazz Crypto went sarcastic, suggesting Circle sponsor Kim Kardashian next, because she's an "outspoken advocate" of stablecoins that "lines up perfectly" with the brand.
For those who don’t get the joke, the SEC ordered Kardashian to pay $1.26 million in penalties, disgorgement and interest in 2022 for promoting the EthereumMax token on Instagram without disclosing a $250,000 payment.
I think you should sponsor Kim Kardashian she has been an outspoken advocate for the use of stablecoins for cross border payments, lines up perfectly with the brand message you're trying to pass
— Wazz (@WazzCrypto) October 6, 2026
Taylor Monahan, formerly of Metamask, went hard: “Circle really hired the guy who was charged with promoting one of the only ICO scams that was so stupid, so blatantly fraudulent, so criminal that it was written up in NYTimes and then promptly prosecuted by DOJ and SEC?” she posted on X.
Circle really hired the guy who was charged with promoting one of the only ICO scams that was so stupid, so blatantly fraudulent, so criminal that it was written up in NYTimes and then promptly prosecuted by DOJ *and* SEC???????https://t.co/a7rAMIU5WU https://t.co/nMz60TK50R
— Tay 💖 (@tayvano_) October 6, 2026
For the record, the SEC and DOJ never charged Khaled with fraud, just to avoid any possible confusion. The case against the rapper was about an undisclosed payment.
In September 2017, Khaled had 12.4 million Instagram followers when he posted a photo of himself with a Centra Tech debit card, per the order, calling it "the ultimate winner in Cryptocurrency debit cards" and telling them: "Get your CTR tokens now!"
CTR was the token from Centra's ICO—an initial coin offering, a fundraiser where a startup sells its own digital tokens to the public, like a stock sale without the stock. Centra paid Khaled $50,000 for the post, per the SEC, and he didn't tell his followers. The law says that if someone pays you to promote an investment, you have to say so, because otherwise an ad can pass for an honest tip.
The product was fiction. Prosecutors said the Visa and Mastercard partnerships behind Centra's crypto card were fake, and so was its CEO, a "Michael Edwards" with a Harvard MBA who didn't exist.
Centra raised over $25 million. Co-founder Robert Farkas pleaded guilty and got one year and one day; Sohrab Sharma got eight years and had to forfeit $36 million. Netflix later made a documentary, Bitconned, about the Centra scam.
Khaled settled with the SEC and paid the fine. Khaled's two-year agreement not to take pay for promoting securities expired on November 29, 2020, so he’s more than welcome to strike deals with any crypto company he wants—and Crypto Twitter will be right there to call it out, no doubt.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Circle wanted a feel-good moment. It got a history lesson instead.
On October 5, 2026, the USDC issuer shared a post featuring rapper DJ Khaled in a Chelsea FC jersey bearing the words “USDC by Circle.” Within hours, replies on X had pulled up Khaled’s 2018 settlement with the Securities and Exchange Commission over a crypto promotion that ended badly.
The backlash ran through October 5 and 6. It now stands as a fresh case study in how celebrity association can backfire in crypto, even when nobody signs a contract.
What Circle actually said The wording matters here. Circle CEO Jeremy Allaire referred to Khaled as part of “team USDC.” He did not describe a formal sponsorship, a paid ambassador deal, or any business arrangement.
Circle’s posts made no sponsorship announcement either. As far as the public record shows, Khaled was simply photographed wearing a shirt from a club Circle sponsors.
That nuance did not survive contact with the replies. Many users saw the welcome as an endorsement, and the gap between a friendly shoutout and a commercial deal stayed unclear.
The 2018 settlement users dug up The episode replies kept surfacing dates back to the 2017 initial coin offering boom. Khaled promoted the ICO of Centra Tech, a project the SEC later deemed fraudulent.
Centra Tech’s token sale raised approximately $25 million in 2017. The problem for Khaled was not just the project’s fate. He failed to disclose that he had been compensated for the promotion.
In November 2018, Khaled settled with the SEC. He paid a total of roughly $153,000, including penalties, to resolve the matter.
Why Chelsea is in the picture The jersey itself comes from one of Circle’s biggest marketing bets. On August 28, 2026, Circle became Chelsea FC’s principal partner and front-of-shirt sponsor for the 2026/27 season.
The flip side is that Circle no longer controls who wears its logo. Anyone in a Chelsea shirt, Khaled included, becomes an unofficial billboard for USDC.
Circle’s choice to amplify this particular photo is what turned a jersey sighting into a news cycle. Had the company stayed quiet, the image might have passed as just another celebrity in a football kit.
The stakes for USDC USDC carries a market capitalization of approximately $74 billion. It holds about 25% of the stablecoin market, a space dominated by Tether’s USDT.
Stablecoins are meant to be the boring part of crypto. Each token is designed to track the US dollar, so a USDC should always be worth one dollar.
That design means a stablecoin’s brand is effectively its balance sheet promise. Users hold USDC because they trust Circle to keep the peg intact and the reserves in order.
No regulatory fallout, but a reputational nick There are no direct regulatory consequences for USDC stemming from the episode. Circle made no claims about returns or investment value, and no formal endorsement was announced.
Still, the reaction shows how sensitive the crypto community remains about celebrity promotion. The ICO era left a long trail of famous faces attached to projects that collapsed.
What this means For Circle, the immediate lesson is about clarity. A vague “welcome to the team” can read as an endorsement whether or not money changed hands. When the person being welcomed has a public enforcement history tied to crypto promotion, that ambiguity becomes a liability.
With roughly a quarter of the stablecoin market, Circle is clearly trying to grow USDC’s profile against a much larger rival. The Chelsea deal signals that it is willing to spend heavily on brand awareness.
Due diligence on public figures has become part of the cost of doing business in crypto marketing. A quick search of SEC settlements would have flagged Khaled’s history in seconds. The replies under Circle’s post did exactly that, for free and in public.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to Lookonchain's monitoring, prior to this morning's market plunge, four newly created addresses deposited 1 million USDC into Hyperliquid, opening a 40x short position on Bitcoin, with the position valued at $12.5 million.
An unidentified wallet just sent approximately 133.78 million USDC to Aave, the decentralized lending protocol. Whale Alert flagged the transfer.
Nobody has claimed it. The wallet has no public label, and neither Aave nor Circle has said anything about it.
What happened The transfer itself is simple. A wallet that tracking services label only as an “unknown whale” moved roughly 133.78 million units of USDC into Aave.
USDC is a dollar-pegged stablecoin issued by Circle. Each token is designed to track one US dollar, which makes this a nine-figure dollar deposit in practical terms.
Aave works like a bank with no tellers. Depositors supply assets to a shared pool and earn variable yield. Borrowers post collateral and take loans from that pool.
When a whale drops this much USDC into Aave, the usual reading is one of two things. It could be liquidity provisioning, meaning the holder wants yield. It could also be a treasury adjustment, perhaps setting up collateral or repositioning funds.
No immediate price impact or disruption to protocol operations has been tied to the transfer.
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Part of a larger pattern This deposit is not a one-off. It lands in the middle of a busy stretch of large USDC movements tied to Aave.
Around October 6, about 129.3 million USDC flowed in. A day earlier, on October 5, roughly 149.6 million USDC arrived.
Traffic has not been one-directional. An outflow of approximately 155 million USDC took place on October 3.
Multiple transactions in the $192 million to $193 million range occurred during August and September 2026.
Across the recent window from mid-September to early October, tracked deposits and withdrawals have ranged from about $120 million to roughly $193 million.
Most of these moves were surfaced by Whale Alert on social media. Transactions flagged this way typically do not show follow-on swaps or bridging activity.
A deposit followed by a swap or a cross-chain bridge would suggest active trading. A clean deposit that just sits there looks more like a parking decision.
Why Aave keeps attracting the whales Aave runs markets across multiple blockchain networks, and USDC is among its most heavily used assets.
USDC supply across Aave markets recently passed $3 billion. Against that backdrop, a 133.78 million USDC deposit is meaningful but not overwhelming.
Utilization rates for USDC vary significantly from one network to another on Aave. Pools with higher utilization tend to pay suppliers more, because borrowers are competing for a smaller cushion of available funds.
Aave’s multi-chain expansion has widened those options. More networks mean more pools, and more pools mean more places for large holders to shop for returns.
What this means The two-way traffic deserves attention. The October 3 outflow of approximately 155 million USDC shows that this capital can leave as quickly as it arrives.
There is also the attribution problem. Without knowing who controls these wallets, it is difficult to tell whether the deposits represent a single entity cycling funds, several unrelated funds making similar bets, or an institution quietly building a DeFi treasury strategy.
Watch whether these deposits stay put or reverse within days, as the October 3 outflow did. Watch utilization rates on the networks receiving the funds, since that reveals whether the cash is being borrowed or simply parked.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Backpack Brings Spot and Derivatives Trading to NEAR@Backpack is extending its trading infrastructure to @NEARProtocol, introducing $NEAR spot order books alongside leveraged perpetual futures and native $USDC deposit and withdrawal support. The move brings a fuller trading stack to one of the more active layer-1 networks in 2026, giving both retail users and algorithmic firms a regulated venue to trade or hedge exposure to the NEAR ecosystem.
, and The NEAR integration sits within that same regulated framework, designed to give participants clearer compliance footing than unregulated alternatives.
Native $USDC Support Cuts Bridging RiskA notable feature of the integration is native $USDC support directly on the NEAR chain. By contrast,
For traders, that distinction matters. Relying on a bridged stablecoin introduces custodial and smart contract risk at the bridge layer, as well as potential delays. Supporting the Circle-issued version directly removes that friction for dollar-denominated trading on NEAR's fast settlement infrastructure.
The combination of spot order books, perpetual futures, and native stablecoin rails positions Backpack as a more complete venue for NEAR-focused traders, rather than a single-product listing. Derivatives alongside spot liquidity allow participants to both gain directional exposure and manage downside risk within the same platform, without needing to move funds across multiple exchanges or custody solutions.
Sources:
Backpack Exchange overview, Solana Compass
Native USDC on NEAR, Circle
USDC launches natively on NEAR Protocol, NEAR Foundation
Cryptocurrency exchange OKX secured strategic investments from Ripple, Circle (NYSE:CRCL), Qube Research & Technologies and SC Ventures by Standard Chartered at a $25 billion pre-money valuation.
This will strengthen the exchange’s institutional ties as it expands into stablecoins, payments and tokenized real-world assets.
"The exchange was our starting point, and we are evolving into a broader global financial technology platform," OKX founder and CEO Star Xu said.
The latest investment extends a strategic round led in March by Intercontinental Exchange (NASDAQ:ICE), the parent company of the New York Stock Exchange.
How Each Investor Supports One OKX LayerOn Tuesday, OKX said the new investors represent key pieces of the institutional crypto stack spanning stablecoin issuance, liquidity, payments and custody.
Circle issues USDC (CRYPTO: USDC), while Ripple provides payments and liquidity infrastructure and has integrated its RLUSD (CRYPTO: RLUSD) stablecoin into OKX’s unified order book.
QRT is an institutional counterparty providing liquidity and risk capacity, while Standard Chartered serves as custodian for BlackRock’s BUIDL tokenized Treasury fund under a collateral framework developed with OKX.
OKX Accelerated Beyond Crypto TradingOKX on Tuesday launched OKX Money, a standalone platform allowing users to convert more than 50 local currencies into dollar-backed stablecoins.
Targeting users across Latin America, Africa, South Asia and the Middle East, the platform supports USDC, USDT (CRYPTO: USDT) and USDG and is designed to address currency volatility, banking access and cross-border settlement costs.
OKX Money also offers cards without foreign-exchange markup and up to 10% annual yield on eligible USDG balances.
The strategy positions stablecoins as a bridge between OKX’s crypto trading business and a broader payments and savings platform.
Image: Shutterstock
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Circle, Ripple, QRT, and SC Ventures have invested in OKX. The latest financing keeps OKX’s pre-money valuation at $25 billion. OKX plans to expand beyond crypto trading into payments and traditional assets. OKXICE seeks to offer 24/7 trading in tokenized shares of 63 U.S. companies. Institutional adoption may depend on liquidity, reliable pricing and long-term regulatory certainty. Crypto exchange OKX has secured fresh backing from Circle, Ripple, Qube Research & Technologies, and SC Ventures as it expands beyond digital asset trading. The company did not disclose the investment size, but the financing values OKX at $25 billion before the new capital.
The funding extends a March investment from Intercontinental Exchange, the owner of the New York Stock Exchange. OKX says it plans to build one platform for trading, payments, investing and other financial services.
OKX Draws New Strategic Investors The investor group links OKX with companies active in stablecoins, payments, custody and institutional trading. Circle issues USDC, while Ripple runs payment products and issues the RLUSD stablecoin.
SC Ventures is the venture arm of Standard Chartered. The bank also works with BlackRock and OKX on custody arrangements tied to tokenized assets, while QRT provides institutional liquidity and trading capacity.
The expansion comes as major crypto exchanges add services that sit closer to traditional finance. Payments, stablecoins, stocks and tokenized assets have become important areas as firms search for new sources of revenue.
Recent market activity also shows wider use of stablecoins outside crypto trading. A USDC stablecoin settlement pilot between Lloyds and Visa tested faster transfers across financial networks, adding another example of blockchain-based payment infrastructure.
Tokenized Stocks Face Liquidity Test OKX and ICE have also moved into tokenized equities through their joint venture, OKXICE. The venture filed with the SEC to offer round-the-clock trading in shares of 63 U.S. companies.
The proposed market would use OKX’s X Layer blockchain and stablecoins for settlement. Related plans for 24/7 tokenized U.S. stock trading show how digital asset firms are testing regulated access to traditional securities.
Macquarie said institutional adoption will depend on liquidity, company participation and reliable pricing throughout the day. The temporary five-year SEC framework may also affect how quickly large firms connect their systems.
Ripple is also expanding blockchain payment activity in Asia, where XRP Asia payments expansion has launched as part of a wider payments push. These developments place stablecoins and blockchain settlement closer to mainstream finance.
OKX’s latest funding gives the company more strategic partners as it builds across crypto and traditional markets. The company now needs to prove that users and institutions will adopt the broader platform as it enters more regulated financial services worldwide.
Multi-chain stablecoin wallet combines simpler transfers, flexible gas-fee options, security features, and practical use cases with one ambition: to become the world’s easiest stablecoin wallet.
Changer+ today announced the launch of its self-custodial stablecoin wallet, built to make holding, moving and using stablecoins simpler.
Changer+ supports major stablecoins including USDT and USDC across Ethereum, TRON, BNB Chain and Solana, with more networks and stablecoins planned.
To celebrate its launch, Changer+ is offering new users three free transactions per device on each chain – Ethereum, Solana, and BNB Chain from October 6 to November 6, 2026.
Changer+ is built around a simple belief: people should not need to understand every blockchain, gas token, or transaction mechanic just to use the stablecoins they already have.
Stablecoins Should Just WorkUsing stablecoins can still mean figuring out which network a token is on, choosing the right transfer route, sourcing a separate gas token, and navigating unfamiliar transaction steps. Changer+ is designed to move more of that complexity into the background.
“People should not have to become blockchain experts just to use stablecoins,” said Leon Gao, CEO of Changer+, with over a decade of experience in product development in the fintech and payment industry “The technology underneath can stay sophisticated. What users see should feel simple, clear and dependable.”
Simplicity Without Giving Up ControlMaking stablecoins easier to use should not mean taking control away from the user.
Changer+ is self-custodial, meaning users retain control of their private keys and authorize their own transactions.
For Yun Han Wong, CGO of Changer+, who has spent years working in Web3, preserving that principle is fundamental to trust.
“Trust is everything in Web3,” Yun Han said. “The early crypto idea of ‘being your own bank’ was really about ownership — having control over your own assets instead of simply handing that control to another intermediary. We want to preserve that ethos while making stablecoins much easier to use. Convenience should not mean giving up control.”
Technology and Security Built around the UserChanger+ is designed to remove common friction from everyday stablecoin use.
On supported transactions, Changer+ lets users cover network-related transaction costs without first having to acquire the blockchain’s native gas token.
For example, a user holding stablecoins does not necessarily need to separately acquire ETH, TRX, BNB, or SOL before completing a supported transaction.
Changer+ has also completed an independent security audit, vulnerability assessment, and penetration testing (VAPT) conducted by Echo Pulse, a CREST-accredited and Singapore-licensed cybersecurity service provider.
These capabilities are led by Zack Chen, CTO of Changer+, an NUS-trained technopreneur with years of software development experience overseeing Changer+’s multi-chain architecture and security development.
“Good engineering should reduce the complexity users have to manage while keeping the experience clear and reliable,” Zack said.
Making Stablecoins More UsefulChanger+ goes beyond holding and transferring stablecoins by giving users more ways to put them to practical use.
Current capabilities include global eSIM data plans, a lifestyle ticket marketplace, and security risk signals that help users identify suspicious activity and potentially unsafe addresses, with more use cases planned.
“Our ambition is not to build another wallet people download and forget,” Leon said. “We want to make the whole stablecoin experience easier — from holding and transferring to actually using them.”
As stablecoins increasingly move beyond crypto trading into payments, remittances and everyday digital commerce, the experience of using them remains fragmented across networks and wallets.
Changer+ was built to close that usability gap.
Backed by a private family office, Changer+ is taking a long-term approach to building the product. Rather than centering the platform around a project token or speculative rewards, the company is focused on usability, self-custody, security, and practical stablecoin utility.
“Stablecoins should just work,” Yun Han added. “Fewer unnecessary crypto steps, more useful things you can do with them, and the user stays in control.”
Enjoy three free transactions on each chain – Ethereum, Solana, and BNB Chain from October 6 to November 6, 2026.*
Available only to new users who install the Changer+ app and register during the campaign period. Network fees are covered for three eligible transactions per device. Terms and conditions apply. Changer+ reserves the right to amend or withdraw the offer.
About Changer+
Changer+ is a Singapore-incorporated, self-custodial stablecoin wallet built to make stablecoins easier to use.
With multi-chain stablecoin support across major blockchain networks, including Ethereum, Solana, BNB Chain and TRON, Changer+ brings together simpler transfers, flexible gas-fee options, security risk signals and practical use cases — while users remain in control of their private keys.
Backed by a private family office, Changer+ combines payments experience, Web3 expertise and security-led engineering with one ambition: to become the world’s easiest stablecoin wallet.
Disclaimer
This third-party press release is published substantially as received and does not reflect BeInCrypto's editorial views. BeInCrypto has not independently verified its claims or assessed the suitability, legality or appropriateness of any referenced asset, product or service; publication is not an endorsement. The content is general information, not investment research, financial, investment, legal or tax advice, a personal recommendation, offer or solicitation. Verify all information and seek professional advice where appropriate before acting. Crypto-assets may result in total loss.
Crypto exchange OKX launched OKX Money, a standalone app that lets users convert more than 50 local currencies into U.S. dollar-backed stablecoins, at its OKX Now Product event in Singapore on Tuesday.
How OKX Money works The app lets customers fund accounts using more than 50 supported currencies, with deposits converted into dollar-backed stablecoins. OKX Money supports three stablecoins — Paxos’s USDG, Circle’s USDC, and Tether’s USDT — and offers up to 10% annual yield on eligible USDG balances, plus virtual and physical cards with no foreign-exchange markup and referral rewards.
Built for emerging markets OKX is aiming the product at emerging markets across Latin America, Africa, South Asia, and the Middle East, where the company argues currency swings, limited banking access, and foreign-exchange fees make it difficult to “protect savings and spend globally.”
“The key gap for people and institutions is settlement,” Haider Rafique, OKX’s global managing partner, told Fortune. He cited a small business waiting days for a bank to settle a payment and a traveler whose credit limit is frozen by pending hotel deposits. “I grew up in Pakistan. I still have all the receipts of my mom and dad sending me money through Western Union,” he said.
Stablecoin competition heats up The launch lands as roughly 97% of global stablecoin market value is tied to the U.S. dollar, a dominance that has drawn attention in Washington, where officials hope dollar-backed tokens will fuel demand for U.S. assets. OKX’s push into stablecoin savings and payments follows a wave of similar products, from Changer+’s stablecoin-first self-custodial wallet to Open Standard’s OUSD for Stripe businesses.
Rafique said he would welcome an Asian rival to the dollar stablecoin. “Every nation should be thinking about this technology,” he said.
AUTHOR
Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Wells Fargo raises Meta Platforms' price target from $796 to $1,000
Wells Fargo said it raised Meta Platforms (META.O)’s price target from $796 to $1,000, and Alphabet (GOOG.O)’s price target from $411 to $417.
7 minutes ago
Vitalik praises Nethermind’s efficiency improvements, with its Beacon Chain plugin now synced.
Ethereum co-founder Vitalik Buterin shared Nethermind’s development progress, stating that the team is consistently doing excellent work to make Ethereum more efficient and faster. Nethermind core developer Ben Adams noted that its Beacon Chain plugin has completed synchronization and is prepared for Sepolia’s Glamsterdam fork; additionally, running Ethereum’s Execution Layer (EL) and Consensus Layer (CL) as a single application does not appear to result in significant additional memory overhead. The Ethereum Foundation previously confirmed that Glamsterdam will activate on Sepolia on October 6, and Nethermind 2.1.0 already supports the upgrade.
7 minutes ago
Hong Kong government reaffirms that it will submit amendments to the crypto assets licensing bill by the end of 2026.
The Hong Kong government has reaffirmed that it will submit amendments to the crypto asset licensing bill by the end of 2026, establishing a licensing regime covering digital asset trading, custody, advisory, and management services. Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, stated that the amendments will address developments in the fintech sector. In January this year, Hui disclosed that regulators plan to submit a crypto asset regulatory proposal by the end of 2026. The Hong Kong Monetary Authority (HKMA) has started processing license applications for stablecoin issuers, and in April issued the first batch of stablecoin issuer licenses to Anchorpoint Financial and The Hongkong and Shanghai Banking Corporation. (Cointelegraph)
7 minutes ago
Mizuho Securities maintains a Buy rating on Cerebras, with CBRS rising approximately 3.7% in the past 24 hours.
Mizuho Securities maintained a "Buy" rating and $300 price target for Cerebras on October 5. Prior to this, Cerebras' stock had faced consecutive downward pressure, with market focus on the progress of its future collaboration with OpenAI. OpenAI CEO Sam Altman said last Friday that Cerebras remains a "close partner" of OpenAI, and the two sides are still conducting in-depth cooperation at the cutting edge of high-performance computing. Previously, some of OpenAI's new models used NVIDIA GPUs instead of Cerebras' chips. According to TradingBeats' monitoring, the marked price of CBRS perpetual contracts on Hyperliquid is currently at $182.87, up around 3.7% in 24 hours, with trading volume of approximately $88.7 million over the same period, and the nominal value of open interest stands at about $116 million.
7 minutes ago
BIT appoints former OSL Group CMO Jack Derong as its new Chief Marketing Officer.
BIT has announced the appointment of Chen Derong (Jack Derong) as its new Group Chief Marketing Officer (CMO). Chen previously served as CMO of OSL Group and Head of Global Marketing at Futu. In his new role at BIT, he will be responsible for driving the company’s global marketing strategy and market expansion, and further enhancing its brand influence and market standing.
TLDR OKX launched OKX Money, a stablecoin savings and payments app, in parts of Latin America, Africa, South Asia and the Middle East. Users can fund accounts in more than 50 currencies, which are converted into USDG, USDC or USDT. Qualifying users can earn up to 10% APY on eligible USDG balances with no staking or lockup. OKX declined to say how the 10% yield is funded. US and EU rules limit interest payments on stablecoins by issuers and, in the EU, by crypto service providers. Crypto exchange OKX has launched a new app called OKX Money. The app lets users save and pay with stablecoins, which are digital tokens tied to the US dollar.
The service is rolling out in parts of Latin America, Africa, South Asia and the Middle East. Some customers can earn as much as 10% yield on their balances.
How OKX Money Works Users can fund their accounts with more than 50 supported currencies. Deposits are then converted into dollar-backed stablecoins, according to an announcement shared with Cointelegraph.
Customers can hold USDG, USDC or USDT inside the app. They can also send funds to others and spend money using virtual or physical cards.
Qualifying users can earn an annual percentage yield of up to 10% on eligible USDG balances. The rewards do not require staking or a lockup period.
OKX joined Paxos’s Global Dollar Network in July 2025. That move gave its users access to USDG for trading and transfers.
Questions About the 10% Yield A spokesperson explained how customers reach higher reward tiers. “Customers can qualify for a higher tier by meeting a 30-day average deposit threshold, exceeding a 30-day spending amount or achieving a higher Exchange VIP status,” the spokesperson said.
Rates and eligibility vary by region and by customer. The spokesperson declined to comment when asked how the yield is funded.
Earlier stablecoin yield products have ended badly. Anchor Protocol once offered returns of up to 20% on TerraUSD, an algorithmic stablecoin whose dollar peg relied on conversion into the LUNA token.
TerraUSD lost its peg in May 2022. Both TerraUSD and LUNA collapsed soon after.
USDG, USDC and USDT work differently. Their issuers say they are fully backed by asset reserves.
Some newer stablecoin reward programs share reserve income or offer loyalty rewards funded by exchanges. Paxos’s Global Dollar Network passes earnings from USDG reserves to its partners. Those reserves include US Treasury bills, money market funds and cash.
Rules on stablecoin yield differ around the world. The US GENIUS Act bans payment stablecoin issuers from paying interest or yield.
Banking groups have also pushed for limits on rewards paid by exchanges. In the European Union, the Markets in Crypto Assets Regulation stops issuers and crypto service providers from paying interest on single-currency stablecoins.
Stablecoins are being used more often outside of crypto trading. Cross-border stablecoin flows rose 77.5% to $220.3 billion in the 12 months ending June 2026, according to Chainalysis.
Chainalysis pointed to trade, remittances and savings as key uses for stablecoins.
OKX said the rollout is happening market by market to meet local requirements. The legal entity and rules that apply vary by country, and the exchange has not named its first launch markets.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The investigator says he fronted 349,700 USDC and lost 5% on every order to a broker who told him in advance where North Korea's stolen funds were going next
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Geneva, Switzerland — October 5, 2026 — The Office of Justin Sun today announced the newest recipients of the Justin Sun Prize: independent researcher Wouter van Doorn, mathematics Ph.D. student Quanyu Tang, and mathematics researcher Yanyang Li from Nanjing’s Southeast University, recognized for contributions spanning six Erdős problems.
Wouter van Doorn is an independent number theorist who began researching mathematics as an undergraduate in 2010 and continued collaborating and publishing after leaving academia following his master’s degree. Quanyu Tang (汤泉宇) is a mathematics Ph.D. student at the University of Science and Technology of China whose research spans number theory, combinatorics and AI-assisted mathematical discovery.
Erdős problems are mathematical questions posed or popularized by Hungarian mathematician Paul Erdős about numbers, patterns and other mathematical structures. Often simple to state but difficult to solve, they have helped shape research in number theory and combinatorics, with some remaining open for decades. The Erdős catalog, compiled and maintained by Thomas Bloom, a mathematician and Royal Society University Research Fellow at the University of Manchester, has more than 1200 problems.
Van Doorn and Tang worked with Yanyang Li, from Southeast University’s School of Mathematics in Nanjing, to solve Erdős Problem #650, determining exactly how many integers can always be matched to distinct multiples within a specified interval. Van Doorn also produced computer-checkable proofs in Lean, software for verifying mathematical reasoning, for #369, concerning consecutive integers with restricted prime factors; #457, about whether a short run of consecutive integers can collectively contain every prime in a given range; and #469, concerning whether the reciprocals of a special class of numbers expressible as sums of their divisors add to a finite total.
Tang separately resolved #1044, establishing a sharp lower limit for boundary lengths of regions defined by polynomials, and contributed alongside Li to a wider team’s solution of #1196, bounding weighted sums over sets of integers in which no member divides another.
Their work on #650 offers a concrete example of how human judgment and AI can complement each other. ChatGPT helped develop the proof strategy, while Aristotle, an AI system for mathematical reasoning, repaired a gap during Lean formalization. The researchers then simplified the argument and wrote the final proofs and exposition.
“This experience taught me how public feedback can sharpen a research question, and how AI-assisted discovery can combine mathematical judgment, collaboration and rigorous verification,” Tang said.
These are the program’s first confirmed awards, recognizing both mathematical discovery and the work needed to make proofs independently checkable. Information about the Justin Sun Prize, its problem catalog and recipient contributions is available through the program’s public GitHub repository.
The prizes will be paid out in either USDT on TRON (TRC-20) or USDC on Ethereum (ERC-20) based on the recipient’s choice. For more information, please visit www.hejustinsun.com/prize.
About the Office of Justin Sun
The Office of Justin Sun supports Justin Sun’s global business, philanthropic and public initiatives across technology, blockchain, artificial intelligence, scientific research, investment, art and space exploration.
Justin Sun is the Ambassador and former Permanent Representative of Grenada to the World Trade Organization and the Founder of TRON. TRON is the leading blockchain for the stablecoin revolution, processing over $13 trillion in volume since its inception. In the world’s emerging markets, people rely on USDT on TRON to access the global financial system.
A protégé of Alibaba founder Jack Ma, Sun has been recognized internationally for his work in the digital asset industry, including a Forbes cover profile in April 2025 and multiple appearances on the Forbes 30 Under 30 list. In August 2025, he flew aboard Blue Origin’s NS-34 mission, becoming the 712th person in history to travel to space. His broader interests span technology, investment, philanthropy, art, gaming, and space exploration.
The Justin Sun Prize is an academic initiative established by Justin Sun to support advances in mathematics, formal verification, and AI-assisted scientific discovery. The prize is decentralized and built around the principle that mathematical work should be judged by the strength, rigor, and verifiability of the proof itself, not the prestige or reputation of those submitting it.
Justin Sun established the prize in his own name as a long-term commitment to return wealth created through mathematics and technology back to mathematics itself. Its legacy is intended to be defined by the body of work it recognizes and the laureates whose discoveries stand the test of time. The prize links clearly defined mathematical challenges to machine-verifiable proof. Its guiding principles are openness, public benefit and open-source access.
Visit https://www.hejustinsun.com/prize for more information.
TLDR: Binance AI is free for all users and adapts its “For You” tab to each user’s knowledge level. Binance AI Pro turns plain-language ideas into strategies, with a Premium plan at 19.99 USDC monthly. Each live strategy runs in a dedicated sub-account that users fund manually, so agents cannot move funds. Binance Agent OS launched in August 2026 and has now passed 280,000 daily calls from developers. Binance Intelligence is a new AI product stack unveiled by the exchange on October 5, 2026. Co-CEO Richard Teng and VP of Product Jeff Li presented it during a livestreamed event in Abu Dhabi.
The suite includes Binance AI, Binance AI Pro, and Binance Agent OS. Binance says the stack aims to narrow the knowledge gap between everyday users and market professionals. Each product serves a different audience, from beginners to developers.
Binance AI Adapts Market Information to Each User Within Binance Intelligence, Binance AI is a free feature set that personalizes market information. It uses generative UI to adjust layouts to a user’s knowledge level, interests, and products. These views appear in a new “For You” tab.
Teng described the broader goal during the event. he said. The tab also offers a Market Brief covering crypto, stocks, and macro topics.
Binance Launches AI Suite for Users, Automated Trading and Developers
Binance announced Binance Intelligence, comprising three products: the free Binance AI for general users, Binance AI Pro for turning natural-language trading ideas into executable strategies and automated… pic.twitter.com/9rooLsczuP
— Wu Blockchain (@WuBlockchain) October 5, 2026
The brief refreshes every four hours and reflects the user’s holdings. Users can read it as text or listen to it as audio.
Other tools include Smart Tool Tips, tailored widgets, and Master Trade profiles. Binance AI rolls out progressively to all users from October 5.
Binance AI Pro Converts Ideas Into Strategies Binance AI Pro is a finance-focused agent that turns plain-language ideas into executable strategies. Users describe a goal, such as monitoring a portfolio. The agent then produces an initial strategy with a visual flowchart. Live strategies run 24/7 within Binance.
On desktop, the screen splits between the conversation and the workflow. Users can click modules to adjust, add, or remove components.
Li said the product is built around user input. “Users bring their ideas in plain language; everything a strategy needs is already built in,” he said.
Each live strategy runs in a dedicated sub-account that the user funds manually. The agent cannot move funds on its own, and users approve any workflow before execution.
Rollout begins in the second half of October on a freemium model. The Premium plan costs 19.99 USDC per month and adds live deployment and paper trading.
Binance Agent OS Targets Developers Binance Agent OS connects AI applications to Binance trading, market data, wallet, payment, and on-chain capabilities.
The platform launched in August 2026 and has passed 280,000 daily calls. Developers and quantitative trading teams are building AI-driven strategies on it.
It combines Binance APIs, BinanceWallet Agentic Hub, Binance x402, and Binance Skill Hub. In addition, it supports the Model Context Protocol.
Users can authorize agents through ChatGPT, Claude Code, Codex, and Cursor. Agents can access market data, view account information, and place supported trades.
Each agent can use a dedicated subaccount, and access can be revoked at any time. Teng said Binance Intelligence places an intelligent partner inside the app users already use.
Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong said on Saturday that the cryptocurrency giant “has come a long way” since its launch and is now facilitating institutional stablecoin payments.
Armstrong celebrated Citigroup Inc.’s (NYSE: C) partnership with Coinbase to enable stablecoin payments for large institutional clients.
“We’ve come a long way from 2012. Thank you, Citi,” Armstrong said.
The cryptocurrency tsar recalled that securing bank partnerships back then was "nearly impossible," but major players like Citi are now finally using Coinbase’s services to bring stablecoins to institutions.
Under the partnership, Citi’s institutional clients, including multinational corporations, will be able to accept stablecoin payments from customers at checkout through the bank’s merchant-processing services.
The arrangement also allows Coinbase customers to use Citi’s banking capabilities while automatically converting incoming cash into stablecoins.
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Coinbase’s Push for StablecoinsArmstrong has strongly advocated for stablecoins, contending that they offer people in high-inflation countries a simple way to access more stable global currencies without emigrating.
Stablecoins are a key and rapidly growing component of revenue for Coinbase. The company shares interest income on the reserve assets backing USDC (CRYPTO: USDC) with Circle Internet Group Inc. (NYSE:CRCL) and monetizes customer balances held on the platform.
Notably, the USDC held in Coinbase products reached an all-time high of $20 billion in the second quarter, accounting for more than 30% of all USDC in circulation.
Price Action: Coinbase shares finished Friday down 3.32% at $183, according to Benzinga Pro. Benzinga’s Edge Stock Rankings note a stronger short- and medium-term price trend, but weaker long-term performance.
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5 October 2026 | 11:59 Hyperliquid’s buyback model has received its first reported contribution from a source other than trading fees: yield earned on USDC reserves held in its ecosystem. The payment, worth about $14.58 million in USDC, is the first test of whether the protocol can turn stablecoin balances into recurring funding for HYPE purchases.
The reported payment shows that Hyperliquid’s AQAv2 reserve-income arrangement has started producing funds but it does not, by itself, show that $14.58 million of HYPE has already been bought or burned.
Crypto Briefing reported on October 3 that the first payment was awaiting transfer to Hyperliquid’s Assistance Fund. The next stages remain important: the USDC must reach that fund, be used through the protocol’s buyback process, and result in HYPE being removed from circulation.
Reserve income is paid in USDC. The Assistance Fund receives the funds under the AQAv2 schedule. HYPE purchases and burns are separate on-chain events. AQAv2 gives Hyperliquid a second source of funding Hyperliquid’s established buyback engine is tied to trading activity. Its fee documentation says the Assistance Fund automatically converts trading fees into HYPE, which is then burned. Higher trading volume can therefore produce more buyback funding, while quieter markets can reduce it.
AQAv2 changes the mix by adding income connected to USDC balances rather than trading volume. Under the Aligned Quote Asset v2 framework, the treasury deployer for a qualifying stablecoin shares approximately 90% of cost-adjusted reserve-yield revenue with the protocol.
That wording is narrower than it first appears having in mind that the 90% share applies after the costs defined by the arrangement have been taken into account; it does not mean Hyperliquid receives 90 cents from every gross dollar generated by USDC reserves.
The protocol documentation also sets a 30-day payment cycle. Revenue is sent to the Assistance Fund eight days after an interval ends, giving the system a defined route from reserve yield to the fund that supports HYPE buybacks.
Circle’s role is technical, not the same as the treasury role Circle has described itself as the technical deployer for USDC on Hyperliquid. That role covers infrastructure for minting, redemption and cross-chain transfers, helping USDC move between the relevant parts of the Hyperliquid ecosystem.
It should not be confused with the separate treasury-deployer role that shares reserve-yield income under AQAv2. The distinction affects how the arrangement should be read: a technical provider keeps the stablecoin rails operating, while the treasury arrangement governs how reserve income is allocated.
The new income source has different strengths, and different dependencies Reserve income can keep accruing when trading cools, provided users continue holding USDC in the ecosystem and the underlying reserves continue earning yield. That gives Hyperliquid a funding route that is not entirely dependent on traders opening and closing positions.
It is not fixed revenue, however. The amount can change with USDC balances, the applicable reserve yield and the terms of the AQAv2 framework. A decline in stablecoin deposits or interest rates could reduce future payments even if Hyperliquid’s trading activity remains steady.
The arrangement therefore diversifies the buyback model rather than replacing the fee-based one. Trading fees remain tied to market activity; reserve income depends more heavily on the scale of USDC held within the platform and the yield available on those reserves.
Why the first payment should not be annualized too quickly The reported $14.58 million figure has prompted estimates of a much larger annual contribution. A simple annualization can be useful as a rough illustration, but it assumes that the USDC balance, interest-rate environment and AQAv2 terms remain broadly unchanged for a full year.
Those assumptions may not hold because Hyperliquid can gain or lose USDC balances, reserve yields can move with market rates, and the payment cycle itself needs to operate consistently over more than one interval before it can be treated as a durable revenue pattern.
The better question is not whether the first payment produces an eye-catching annual figure. It is whether subsequent intervals continue to produce funds that reach the Assistance Fund and become observable HYPE purchases and burns.
What confirms the model from here The first payment establishes the starting point. Its significance will depend on what follows: the transfer of USDC into the Assistance Fund, the size and timing of HYPE purchases, and whether future payments arrive under different market conditions.
Follow the flow of funds, not the headline estimate A reserve-yield payment can support HYPE buybacks, but it is only the first part of the process. Completed transfers and completed burns will show how much of that potential has become actual token demand and supply reduction.
For now, AQAv2 gives Hyperliquid a second potential route to funding HYPE buybacks. The first reported payment shows the route has begun operating; repeated payments and completed purchases will show whether it becomes a meaningful part of the protocol’s long-term model.
This article is for informational purposes only and does not constitute investment advice. Reported payments, protocol rules and market conditions may change.
Author
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
BofA Lifts Coinbase Target on Stablecoin Revenue OutlookBank of America has raised its price target for Coinbase ($COIN) to $203 from $174 while reaffirming a Buy rating on the stock.
The move signals growing confidence in Coinbase's ability to generate more predictable, interest-linked income that is less dependent on volatile trading activity.
Central to that thesis is Coinbase's exposure to $USDC reserve income. making a rate hike a direct tailwind for Coinbase's stablecoin revenue line.
Strong Crypto Appreciation Offsets Volume Decline The divergence highlights a recurring tension for the exchange: asset price appreciation draws headlines, but it does not always translate into secondary trading activity or fee revenue.
Still, the longer-term picture appears more constructive. Bank of America's raised earnings estimates for 2027 and 2028 suggest the bank views this revenue stream as increasingly material to Coinbase's financial profile over the medium term.
Coinbase shares trade on the Nasdaq under the ticker $COIN.
Sources:
TokenPost: Bank of America Raises Coinbase Price Target to $203 From $174
Decrypt: Coinbase Takes 50% Share of Circle's Residual USDC Reserve Revenue
PANews, October 5 — "On-chain detective" ZachXBT posted that he had posed as a client to infiltrate a criminal group suspected of laundering money for the North Korea-linked hacker organization Lazarus Group, and helped freeze funds related to the 2025 Bybit hack.
ZachXBT said that after Bybit suffered a $1.5 billion hack in February 2025, he found more than 15 accounts in public Telegram and Discord groups seeking help processing transactions related to the stolen funds. He then contacted one Telegram user using the alias "Jimmy Green" and built trust through multiple transactions. According to his disclosure, on March 6, 2025, he transferred $3.497 million in USDC to an Ethereum address to conduct a USDC-to-TRON USDT swap with the other party. The gas funds for that address can be traced back to the Bybit hack funds, and it has been publicly flagged as a Bybit hack blacklist address.
ZachXBT said that in subsequent exchanges, the other party revealed that their team had been involved in processing the stolen Bybit funds, and tipped off in advance that the funds would be moved on chains such as Solana. By matching transaction times, amounts and on-chain data, he discovered a wallet cluster involving more than $12 million in Bybit hack funds, with fund paths spanning multiple networks including BTC→ETH→SOL→TRON. Of these, about 442,000 USDT had been frozen by Tether, and the group also attempted to launder money through Uniswap liquidity pools and low-liquidity tokens. In addition, the other party revealed that they had helped other clients process about $3 million in fraud proceeds, and ZachXBT traced the related funds to wallets associated with the sanctioned Huione Guarantee.
ZachXBT disclosed that in this investigation he first put in $3.497 million of his own funds and bore a loss risk of about 5% per transaction, and that the intelligence ultimately obtained was provided to relevant investigative agencies and law enforcement at the earliest opportunity. Since 2022, he has helped freeze more than $75 million in funds related to North Korea-linked incidents.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Binance has put its AI products under one name, Binance Intelligence. Co-CEO Richard Teng and VP of Product Jeff Li unveiled the stack in a livestream on Monday. It has three parts. Binance AI is a free layer that adapts market information to each user, and Binance AI Pro is an agent that turns plain-language ideas into trading workflows. The third, Binance Agent OS, is a developer platform. Binance says in its announcement that the aim is to narrow the gap between everyday users and market professionals.
Not all of it is new. Agent OS has been live since August 20, and an earlier version of AI Pro has been in beta since March 25. What arrives now is the free Binance AI layer, which starts rolling out today, and AI Pro in a freemium form, due in the second half of October. The current beta stays available until further notice, according to Binance’s overview page. The beta was priced at a discounted $9.99 a month against a listed regular price of $29.99. The new Premium tier costs 19.99 USDC a month, with a free tier below it.
What each product does Binance AI is the free layer. A new “For You” tab uses generative UI to rearrange itself around a user’s knowledge level, interests and the products they use. A spot trader, a futures trader and someone focused on stocks see different screens. It adds a market brief covering crypto, stocks and macro that refreshes every four hours and can be read or played as audio, plus smart tool tips and widgets such as a stock tracker, an ETF tracker and a PnL recap. Master Trade shows how experienced investors approach asset allocation. Rollout is gradual, starting today.
AI Pro is the paid agent. A user describes an idea, say monitoring a portfolio for big moves or diversifying across crypto and stocks, and the agent returns a strategy alongside a visual flowchart. On desktop the user can edit the flowchart’s modules or keep refining through chat, while mobile users get the chat only. Each live strategy runs in its own sub-account, funded only by manual transfer from the user, and Binance says the agent can’t move funds on its own. Standard users get monthly credits to generate and preview strategies. Premium adds live deployment, paper trading, a choice of AI models and the option to top up credits. Li said the difference from general-purpose AI is that this agent works from Binance’s own market data, execution and research.
Agent OS is for developers, and for users who’d rather bring their own AI. It bundles Binance’s APIs, the Wallet Agentic Hub, Binance x402 for programmable payments, a Skill Hub and Model Context Protocol support, so tools such as ChatGPT, Claude Code, Codex and Cursor can, with a user’s permission, read account data and place supported trades. Agents can be given dedicated subaccounts, and access can be revoked. Binance has said its MCP server can’t process withdrawals to external addresses. The company says Agent OS has passed 280,000 daily calls since August. The release doesn’t say how many developers or how much trading volume sit behind that figure.
Rivals are already in the same race Binance is arriving in a field that’s already busy. Coinbase launched Coinbase for Agents in June, letting tools like ChatGPT and Claude trade through natural-language instructions. Kraken told CNBC in July that it’s rebuilding its app around agentic trading. OKX launched an agent marketplace around the end of June, and Bybit rolled out an in-app agent, Bybit AI, on September 9. All of it has landed during what CNBC called a prolonged bear market in crypto prices. Binance is taking both routes at once, opening Agent OS to outside agents while building AI Pro into its own app.
What the release and the fine print leave open The sub-account caps what an agent can reach at whatever the user transfers in. Binance’s overview page says agents run only within the limits the user sets, but the release doesn’t spell out what those limits cover, such as a cap on losses or on leverage. The March beta could trade perpetual futures and borrow with leverage through its sub-account, and whether the new version keeps that isn’t stated. Nor is it clear how approval works. The release says users review and approve any workflow or trade before it’s executed, yet also that live strategies run around the clock, which leaves open whether the sign-off comes once per workflow or on every trade. Region-by-region availability isn’t listed either. That matters because Binance serves some markets, the US among them, through a separate, narrower platform, and not every derivatives or stock-linked tool is offered everywhere.
The disclaimer is blunt. Binance says its AI is used at the user’s own risk and provided as is, that prompts may be used for training, and that outputs can carry errors, bias, outdated information or unvetted third-party content. Nothing it produces counts as advice. Users who configure AI tools themselves, or let a third party do it, indemnify Binance against liability. Binance AI is rolling out now, AI Pro follows in the second half of October, and Agent OS is already live.
AUTHOR
Freelance writer and crypto enthusiast with a focus on Web3, delivering clear and engaging articles. Known for his well-researched articles and insightful analysis, Shayan covers a broad range of topics including market trends, blockchain technology, decentralized finance (DeFi), and emerging crypto projects. His writing aims to educate both beginners and experts, providing clear, engaging content that helps readers stay informed about the fast-evolving crypto space. Shayan's expertise and dedication make him a trusted voice in the blockchain community.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
On-chain detective ZachXBT disclosed in a social media post that he once posed as a client to infiltrate a Chinese organized crime money laundering network. The network is accused of laundering over $1 billion across multiple exploit attacks for hackers linked to North Korea’s Lazarus Group. The intelligence he gathered helped facilitate the fund freeze and on-chain attribution for the $1.5 billion Bybit hack in February 2025. After the February 2025 Bybit incident, ZachXBT discovered in public Telegram and Discord groups that a large number of accounts were processing orders related to the stolen funds. He reached out to an operator using the alias "Jimmy Green" posing as a client, and gradually built trust through multiple exchanges of USDC and USDT. The operator subsequently disclosed the fund transfer plan in advance, claiming his team had laundered most of the stolen Bybit funds. ZachXBT said he chose to absorb a roughly 5% loss per order at the time in exchange for more actionable intelligence. During the investigation, he identified a Solana address cluster holding over $12 million in stolen Bybit funds, of which 442,000 USDT was subsequently frozen by Tether. He also confirmed the freeze of 332,000 USDC linked to the Poloniex hack, and traced another $3 million in fraudulent proceeds to the hot wallet of Huiwang Guarantee, which was later sanctioned. The relevant findings have been submitted to private sector investigators and law enforcement agencies. ZachXBT stated that he advanced $349,700 in this case, and bore both financial losses and personal risks. Since 2022, he has helped facilitate the freezing of over $75 million in assets linked to North Korea-related incidents. He also called on foundations and individuals to provide funding to support his continued investigation of cases others may deem unfeasible.
Hyperliquid has received its first $14.58 million USDC payment, marking a significant step in funding HYPE token buybacks through the AQAv2 protocol. This development is part of Hyperliquid’s strategy to enhance its HYPE token value, leveraging the AQAv2 protocol activated in August 2026. This protocol directs about 90% of eligible USDC reserve yield into buybacks, indicating a shift from relying solely on fees. The infusion of USDC is expected to provide a recurring revenue stream, aligning with market expectations of improved liquidity and demand for HYPE.
Key Takeaways Market pricing suggests the USDC payment to Hyperliquid could positively influence sentiment regarding the HYPE token. The use of AQAv2 to channel USDC yields into buybacks appears supportive of maintaining or increasing HYPE’s market price. Observers indicate this development might reflect a broader strategy to bolster Hyperliquid’s competitive position through increased liquidity. What to Watch Markets will likely monitor subsequent USDC payments and their impact on HYPE buybacks, which could sway sentiment and pricing. Any additional announcements regarding partnerships or further financial inflows might reinforce market confidence. Key developments in Hyperliquid’s strategic initiatives or market listings could further influence the probability of reaching price targets by the end of 2026.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 71.5% — — View market → January 1 2027 2.4% — — View market → January 1 2027 1.6% — — View market → January 1 2027 2.8% — — View market → January 1 2027 2.2% — — View market → January 1 2027 5.5% — — View market → January 1 2027 3.3% — — View market → January 1 2027 4.5% — — View market → January 1 2027 7% — — View market → January 1 2027 10% — — View market →
Bitwise Asset Management has taken its Premium RWA Vault, better known as PAPY, to Circle’s Arc blockchain. The vault now sits atop the yield rankings among Morpho vaults on the network, posting a net APY of 4.79%.
How the PAPY-USDC vault works The expansion went live on September 16, 2026, timed to coincide with Arc’s public mainnet launch. The new product, called PAPY-USDC, runs on the Morpho lending protocol using its Vault V2 architecture.
Users deposit USDC, and the vault lends that money out to borrowers who post tokenized real-world assets, or RWAs, as collateral. Those loans are overcollateralized. Borrowers have to lock up more value than they take out, which gives lenders a cushion if things go sideways.
The collateral accepted includes Huma Finance’s PST and sUSDai. The vault may also allocate to cirBTC markets, adding another potential lending venue.
Bitwise acts as the curator but stays non-custodial. It never holds depositors’ funds directly. Instead, it sets the rules: which collateral qualifies, what loan-to-value ratios apply, and which interest-rate models the vault uses.
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The numbers behind the vault PAPY-USDC targets a variable APY of 5-6%. As of early October 2026, the vault reported a net APY between 4.8% and 5.55%, with the Morpho app showing 4.79%.
The fee structure is light. Bitwise charges a management fee of approximately 0.39-0.4%, and there is no performance fee.
Deposits are still modest. In early October 2026, the vault held between $418K and $422K in USDC. The vault’s capacity is capped at roughly $1B.
The vault follows the ERC-4626 standard and has no lock-up requirements. Depositors can withdraw when they want, subject to the vault’s available liquidity.
A second act after Ethereum Arc is not PAPY’s first stop. Bitwise launched a PAPY-AUSD vault on Ethereum on September 2, 2026. That version pulled in over $20 million in deposits within two weeks.
The Arc version arrived just two weeks after the Ethereum launch. The key difference is the currency: Arc’s vault is built around USDC from day one.
Bitwise brings an established footprint to the effort, with $9 billion in client assets.
What this means for DeFi lending and RWA yield For Morpho, the expansion reinforces its role as infrastructure that curators can deploy across multiple networks. Bitwise now runs PAPY on Morpho on both Ethereum and Arc.
The vault’s yields have been variable, ranging from 4.8% to 5.55% in recent reporting, and sometimes falling short of the 5-6% target. Collateral quality is the other key variable: overcollateralization offers protection, but the vault’s safety ultimately depends on how well assets like Huma’s PST and sUSDai hold their value and remain liquid.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
This is a general announcement. Products and services referred to here may not be available in your region. Terms and conditions apply. Disclaimer: This is not available for users in the EEA. Fellow Binancians, Binance is pleased to launch a new Word of the Day (WOTD) game! The theme of this week’s WOTD is “Proactive Security Wins”. Read selected articles to learn more about this topic and participate in this week’s WOTD to grab a share of the rewards. Activity Period: 2026-10-05 00:00 (UTC) to 2026-10-11 23:59 (UTC) Complete 5 Words and $50 Equivalent Trading Volume to Unlock Your Share of 10,000 USDC WOTD is an educational word-guessing game, which allows users to increase their crypto vocabulary and stay on top of the latest market developments. How Does It Work: All eligible users may play up to two WOTD games per day to test their knowledge on the given topic.Users who achieve at least five correct answers during the Activity Period will be eligible to equally share a 3,000 USDC reward pool, distributed based on each user’s proportion of correct answers (User’s correct answers / Total correct answers of all eligible users).In addition, users who achieve at least five correct answers and complete a cumulative trading volume of $50 equivalent in non-zero fee trades (including any of Spot, Convert, TradFi, bStocks, or Futures) during the Activity Period will be eligible to share a 7,000 USDC reward pool.Rewards will be distributed based on each user’s proportion of correct answers (User’s correct answers / Total correct answers of all eligible users), with a maximum reward cap of 5 USDC per user.All rewards will be distributed by 2026-10-25 23:59 (UTC) directly to the user’s Rewards Hub.Eligible users should claim their vouchers before the expiration date. No replacement reward will be provided. Learn how to redeem a Binance voucher. How to Enable the Second WOTD Game: After the first game, click the "Get A New WOTD" button.Share the featured link on social media.Unlock the second WOTD game once the shared link is clicked by a logged in user. New User Welcome Bonus: In addition, all new users who register for a Binance account using the “WOTD” referral code or via this referral link during the Activity Period, will each receive 10% off their Spot trading fees. Users may also qualify for additional welcome rewards by completing tasks available at the Rewards Hub within 14 days after registration. Play WOTD Now to Earn Rewards! Related Reading(s) for This Week’s WOTD: Fake Payment Scams Explained: How They Work and How to Stay Safe Terms & Conditions: Binance reserves the right to modify or cancel the Promotion at any time without prior notice.Binance reserves the right to update the list of eligible countries/regions for the Promotion at any time. Users who were previously able to participate may no longer be eligible to join or receive rewards under the updated terms.These terms and conditions (“Activity Terms”) govern users’ participation in this WOTD activity (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy; all of which are incorporated by reference into these terms and conditions. In case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy.The WOTD game may not be available in certain countries/regions. Only users from eligible countries/regions who complete account verification shall be able to participate and receive rewards.For the new user welcome bonus: The 10% Spot trading fee discount will remain valid as long as the Binance referral program is in place. Users may qualify for welcome rewards by completing tasks available at the Rewards Hub within 14 days after registration.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegal bulk account registrations, self dealing, or market manipulation).Binance reserves the right to disqualify any participant found to be engaging in fraudulent activities or violating the platform’s terms of use.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-10-05 Disclaimer: Nest Trading Limited acts as your introducing broker and routes your orders for Stock Options to its clearing broker partner, Alpaca Securities LLC, for execution, clearing, settlement and custody. Binance does not handle or custody your Securities. Stock Options are contracts that give you the right, but not the obligation, to buy or sell the underlying Securities at a specified price on or before a specified expiration date. You pay a Premium to acquire this right. Stock Options do not represent ownership of the underlying Securities. Stock Options can be exercised at any time before the cut-off time on the relevant expiration date. You are solely responsible for monitoring your open Stock Option positions and determining whether to exercise them. To exercise a Stock Option, you must submit an exercise instruction through the Binance Platform. If you do not submit an exercise instruction before the cut-off, your Stock Option will be subject to auto-liquidation, meaning that your position will be sold on a best-efforts basis before the close of trading. Your Stock Option may expire without value and you may lose the entire Premium paid. Even if your Stock Option is in-the-money at expiration, it will not be automatically exercised unless you have submitted an exercise instruction. Stock Options are subject to high market and liquidity risk and price volatility. The value of your investment may go down or up and you may not get back the amount invested. Stock Options are only available for trading during regular market hours. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. You should not trade Stock Options unless you understand the nature of the product, including how options are exercised, the risks of auto-liquidation and the consequences of failing to act before the relevant cut-off time. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. Binance may receive payment for order flow remuneration for directing your orders. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use, Stock Options Product Terms, Securities Trading Product Terms and Risk Warning.
OUSD, the stablecoin from Open Standard, now carries a market cap of $666.3 million, according to figures shared by the project. It has also logged $2.6 billion in transfer volume across multiple blockchains.
That is a quick start for a token that only went live on September 30, 2026. It is also an unusual one: the coin has just 554 holders.
A small crowd moving a lot of money Research compiled on the token puts its early October market cap at approximately $666 million to $668 million. Circulating supply sits at around 666 million to 668 million tokens, consistent with a peg of roughly $1.00.
OUSD runs natively on Ethereum, Solana, Base and Tempo. Since launch, it has been listed on Coinbase, Kraken and Uniswap, with no reported deviations from its $1 peg.
Who is behind OUSD The cap table reads like a who’s who of payments. Coinbase, Mastercard, Shopify, Stripe and Visa are the founding partners, and each holds an equal equity stake.
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Those partners have committed more than $1 billion toward initial liquidity. The current market cap still sits below that commitment, which leaves room for supply to grow as the backing gets put to work.
The token itself is issued by Bridge, the stablecoin infrastructure company Stripe acquired in 2024 for $1.1 billion. Open Standard CEO Zach Abrams co-founded Bridge.
Reserves are held with BlackRock, Lead Bank and BNY.
Open Standard first announced the project on June 30, 2026. The launch followed three months later.
The zero-fee pitch OUSD’s main selling point for businesses is cost. Companies can mint and redeem the stablecoin without fees through integrations with Stripe and Visa.
Coinbase joined that list starting October 1.
After a management fee, most of the earnings generated by OUSD’s reserves are distributed to the partners based on how much usage each one drives.
Taking on USDT and USDC The stablecoin market is worth more than $300 billion. It is dominated by two names: Tether’s USDT and Circle’s USDC.
The project is positioned as infrastructure for enterprise use cases such as banking, cross-border payments and financial settlement.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
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Hyperdash co-founder Hans published a post noting that Hyperliquid’s AQAv2 mechanism has established a new revenue stream. On October 3, the AQAv2 treasury wallet completed its first payment of $14.58 million for the USDC reserves held by the trading platform over the prior 30 days. The funds will be allocated to an assistance fund for purchasing HYPE. Under the mechanism, after users bridge USDC to Hyperliquid, Circle mints the corresponding assets on HyperEVM, and charges fees on the treasury balance daily, with settlements occurring every 30 days. Coinbase and Circle each staked 500,000 HYPE; if payments are delayed, Coinbase could lose 2% of its staked amount per day. Hans added that Hyperliquid’s previous revenue was primarily derived from trading fees, while AQAv2 enables the platform to earn income directly from margin deposits themselves, regardless of whether the associated funds are used for trading. The first payment covers the period from August 26 to September 24, with an implied average rate of roughly 3.14%. At current scale, annualized revenue is estimated at approximately $193 million. From January 1 to September 30 this year, Hyperliquid’s open interest rose from $7.72 billion to $16.4 billion, and platform margin increased from $4.34 billion to $7.22 billion. Over the same period, perpetual contracts recorded around $2 trillion in total trading volume, generating $493.3 million in fees for the protocol, equivalent to roughly 2.46 basis points per dollar of trading volume. Using this year’s average trading speed and current AQAv2 rate, every $1 of margin contributes about 15.4 cents in annual revenue to the protocol, split into ~12.5 cents from trading fees and ~2.8 cents from AQAv2. Hans projected that under the baseline scenario of stablecoin volume growing 20% annually and Hyperliquid retaining its current ~8.7% market share, the protocol’s annual revenue could rise from the current ~$1.11 billion to $2.4 billion by the end of 2030.
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Cronos Token Economy Proposal Passes: 228 Million CRO Burned, All Revenue From Ult and Cronos Launch to Be Allocated for Buyback and Burn
Cronos Network announced that two token economic proposals have been approved, with 228 million CRO from its community pool burned, bringing the total cumulative CRO burn to 428 million. Under the passed proposals, all future revenue from Ult and Cronos Launch will be allocated to repurchase CRO on the open market, which will then be burned monthly, and all related transaction hashes will be made public.
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A Bitcoin whale has placed a $10.27 million long bet on Bitcoin, targeting a rebound, at an average entry price of $84,918.9.
According to on-chain analyst Ai Yi (handle @ai_9684xtpa), address 0x799…15f4c opened its first position on Hyperliquid, betting on Bitcoin (BTC)’s rebound with 7x leverage. The address initiated a long position of 121.23 BTC in the early hours of today, with the position valued at approximately $10.27 million, an average entry price of $84,918.9, and is currently facing an unrealized loss of around $20,000.
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Ansem: PUMP can be valued using Layer 1 (L1) logic, and he is optimistic that pump.fun will emerge as a super app in this cycle.
Crypto trader Ansem noted that the market has not yet fully priced in pump.fun’s evolution into a Layer 1 (L1)-like underlying infrastructure, where other token-launching platforms could directly build in the future. Few are currently focused on the creator fee splits pump.fun pays to token creators: the ratio is nearly 1:1 relative to the platform’s revenue, meaning for every ~$500 million the platform generates, token creators receive roughly $500 million in creator fees after their tokens complete the bonding curve phase, giving teams strong incentives to build products on pump.fun. He believes this economic structure may be superior to that of traditional L1s, as pump.fun can collect fees from every layer of token-launching platforms and each token they issue. With the rollout of features like custom trading pairs and Callout Rewards, the market may gradually start valuing PUMP in a manner similar to Layer 1 assets. He also expressed strong optimism about the investment thesis that pump.fun will develop into a "super app" in this cycle.
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Whales accumulate $PUMP: netherlol buys 383.34M after 1 year, new wallet withdraws 189.22M from MEXC
Whales are buying $PUMP. "netherlol" bought 383.34M $PUMP ($2.4M) after more than a year. A newly created wallet, GnZqfY, withdrew 189.22M $PUMP ($1.18M) from #MEXC 7 hours ago.
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Two whales collectively purchased 572 million PUMP tokens, worth approximately $3.58 million.
According to Lookonchain monitoring, whale "netherlol" has repurchased 383.34 million PUMP tokens for approximately $2.4 million, marking its first purchase in over a year. Additionally, a newly created wallet GnZqfY withdrew 189.22 million PUMP tokens from MEXC 7 hours ago, valued at around $1.18 million.
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Aptos CEO denies rumors of a shutdown in the next six months, calling them "stupid rumors".
Addressing community rumors that Aptos will shut down its blockchain within the next six months, Aptos Labs co-founder and CEO Avery Ching publicly dismissed the claim as "a foolish rumor". The X account that originally shared the unsubstantiated claim did not provide official Aptos announcements, governance proposals, or other supporting documents. When pressed for evidence, the account stated the content was merely "hearsay" and urged caution in taking it seriously. Aptos’ current public governance records still show network upgrade proposals and executed mainnet feature updates, with no official plans to shut down the mainnet identified so far.
Centrifuge has confirmed that three funds—JAAA, JTRSY, and HYB—have launched on Circle’s Arc blockchain. The funds provide exposure to AAA-rated collateralized loan obligations (CLOs), short-term U.S. Treasuries, and high-yield corporate bonds respectively, utilizing investment strategies from Janus Henderson and New York Life Investment Management. All three funds support subscriptions via USDC on Arc, with direct investment limited to eligible non-U.S. professional investors. The minimum investment amounts are $500,000 for JAAA and JTRSY, and 100,000 USDC for HYB. (The Defiant)
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VanEck: Bitcoin may still continue to expand its market share going forward, and quantum computing is currently not a sufficient reason to sell.
VanEck Digital Assets Research Head Matthew Sigel stated in an interview that with the rapid development of the artificial intelligence (AI) industry, the power resources and long-term power contracts held by Bitcoin miners are gaining new value. Sigel pointed out that in the past, miners’ core assets were primarily viewed as computing power and BTC production capacity, but AI data centers’ demand for large volumes of stable power is reshaping the market’s valuation of miners’ power contracts. He added that some miners have signed 10-to-20-year long-term power lease agreements with investment-grade counterparties, and these contracts are granting miners "optionality"—a value distinct from pure BTC exposure. The AI sector’s growth is making power an increasingly scarce resource, so miners with low-cost, long-term locked power supplies may unlock new business opportunities, including transitions to AI infrastructure. On the Bitcoin market front, current signs of seller fatigue suggest investors should focus on opportunities following pullbacks. Additionally, Sigel compared the roles of gold and Bitcoin in investment portfolios, arguing Bitcoin may continue to expand its market share going forward. He also discussed the potential impact of quantum computing on the Bitcoin network, noting that quantum computing is a long-term risk to monitor but not yet a reason for investors to sell BTC. VanEck remains bullish on Bitcoin adoption trends, and views Bitcoin reaching a certain percentage of the gold market capitalization as one key future valuation reference.
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PONS Founder: The buyback and burn mechanism has been automated, and the new mechanism will collect funds every seven days.
PONS founder Ozzy (@MEADGod) responded to community users’ questions about its buyback-and-burn mechanism and apologized for misunderstandings in prior communications. Earlier, user yyy posted inquiries about PONS’ buyback system, including whether escrow account funds needed to be manually transferred to the buyback allocator, why funds had not entered the allocator for over five days, the current buyback-and-burn rate of roughly $120,000 per day, and whether the promised automatic escrow fund claim feature had been implemented. Ozzy acknowledged some of the questions were valid, noting the buyback-and-burn rate had not yet been adjusted and the "claim" process had not been fully decentralized. He explained the team is conducting a contract upgrade, with the new buyback mechanism designed to execute fund claims every seven days, followed by using the claimed funds for buybacks and burns over the subsequent seven days in a continuous cycle. Currently, all buyback and burn operations are fully automated; anyone can trigger a bot to perform these actions and earn a small reward. The primary adjustment needed now is the buyback-and-burn rate. The previous rate was set at 2e per hour, which, combined with the roughly $950,000 in the Splitter (fund-splitting contract) and the seven-day cycle, aligned with the current fund size. Additionally, fund claims will run automatically every seven days, and future buyback funds will be displayed in two sections: the Active Buyback Vault (for ongoing buybacks) and funds reserved for the next cycle. Ozzy thanked the community for their feedback and again apologized for responding before fully grasping the issues. Community user yyy subsequently accepted the apology, stating that a more decentralized and automated claim and buyback-and-burn mechanism is a critical foundation for building community trust.
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Analysis: Bitcoin Pullback Eyes $82,500 Support; Rebound Opportunity May Emerge If Whales Resume Buying the Dip
Crypto analyst Ali Charts posted that BTC’s recent rally to near $87,000 has been capped, due to factors including whales taking continuous profits during the rise, and the $87,000 level being at the top of a channel that has been consistently suppressing BTC recently. Ali Charts said that during the overall sideways consolidation of the market over the past week, Bitcoin whale holdings decreased by about 30,000 BTC, worth around $2.52 billion, indicating that some large investors are reducing their risk exposure. Currently, Ali Charts is focusing on the support area near the lower edge of BTC’s channel, around $82,500. He noted that if BTC pulls back to this level and whales are seen resuming accumulation, this could signal a potential dip buy opportunity, with expectations of a subsequent rebound to test the resistance near $87,000.
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Bonk Guy: SI has performed strongly after a pullback, with its holder count surpassing 60,000 in a week.
Renowned crypto trader Bonk Guy stated in a post that SI has shown strong resilience amid recent market downturns, with its price action bottoming out and entering a consolidation phase. Bonk Guy noted SI’s fundamentals include: within a week of launch, its holding addresses exceeded 60,000, with 30,000 new holding addresses added in a single day—making it the first meme project in over a year to reach this growth pace. Even amid market pullbacks, its daily trading volume remains in the $15 million to $20 million range. Additionally, SI features a tokenized NVDA reward mechanism; as one of its largest holders, he earned five-figure USD worth of rewards within a week. Discussions about AI and SI’s brand transformation involving Trump and multiple tech industry figures, alongside competition from other communities and participants for SI, have further boosted the project’s market visibility. Bonk Guy also mentioned SI has now been listed on centralized exchanges including Crypto.com and Gate, with more platforms likely to follow. He explained that centralized exchanges typically do not list meme coins early unless they identify high growth potential. With factors including its large holding scale, trading volume, market attention, reward mechanism, and expanding exchange support, Bonk Guy believes SI could become one of the major meme projects in this cycle.
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World (Worldcoin): Widespread AI agent adoption demands proof of genuine human backing, and World ID can enable agent verification.
World reported that personal AI agents such as Meta’s Muse, OpenAI’s dots, and Instinct are rapidly gaining popularity, with websites and services increasingly asking two questions: “Which agent is making the request?” and “Is this request initiated by a real human?” The article notes that World ID can solve these pain points while protecting personal privacy. World ID stores and verifies Proof of Human via zero-knowledge proofs, endowing agents with private, unique, and neutral characteristics: no sharing of personal information, one count per individual, and cross-platform usability based on open protocols. To date, World ID has been integrated with Okta’s Human Principal beta, Vercel’s WorkflowSDK, Exa’s free API credits, and Browserbase’s web navigation, to verify whether an agent is backed by a real human or confirm that a human has approved a given step.
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Bitdeer sold 292.3 BTC this week, maintaining a zero Bitcoin position.
Nasdaq-listed Bitcoin mining firm Bitdeer stated in a post on X that during the week ending October 2, it mined 292.3 BTC, sold an equal amount of BTC in the same period, resulting in zero net new BTC, and currently maintains a zero Bitcoin position.
Cointribune is giving away 30 Trezor wallets, worth €150 each, to readers who open an OKX account through its partner link by October 10, 2026. Three moves are all it takes: a $100 deposit, a first trade, a form. It stacks with the OKX offers already running, including the 8% bonus on USDT deposits converted to USDC, open until October 8. The real deadline, though, is the counter: thirty wallets, not one more.
In brief 30 Trezor wallets (€150 each) reserved for OKX accounts opened via the Cointribune link, awarded to the first valid participants. Conditions: a $100 deposit in fiat or crypto, a first trade, then the participation form. Already an OKX client? A dedicated link attaches your existing account to the Cointribune referral and may make you eligible. The giveaway ends October 10; the OKX 8% deposit bonus ends on the 8th. How to get your Trezor wallet in three steps Step one is the account. It has to be created through the Cointribune partner link, which pre-fills the “cointribune” referral code at sign-up. OKX then asks for the usual identity check (KYC); allow a few minutes if your documents are at hand.
Step two is the deposit: $100, in euros by bank transfer or card, or in crypto from another wallet. Step three is a first trade, on any market. The giveaway sets no minimum volume.
Then fill in the entry form: a name or username, your email address and your OKX UID (in the app, under Profile). That last field is the one that matters: it is how your sign-up date and Cointribune link are checked before the prize ships. Only one entry per person is counted.
Why a hardware wallet rather than yet another bonus? Because a Trezor keeps your private keys offline, away from the malware and phishing that target online accounts. If you have never used one, download Trezor Suite only from Trezor’s official website.
Already on OKX? Use the account-linking link Existing users are not left out. The Cointribune linking URL opens the OKX login page, then a screen that ties your account to Cointribune’s partner channel. Once you confirm, your account may become eligible for the giveaway on the same terms: a $100 deposit, one trade, the form.
Check the confirmation message OKX shows at the end. Without it, the link is not registered and your entry cannot be validated.
What stacks on top: 8% on USDT deposits and an X-Perps voucher The giveaway comes on top of the campaigns OKX is currently running. The biggest is the 8% deposit bonus: deposit at least €10 in USDT from an external wallet or another exchange, convert it to USDC at zero fees during the campaign, and up to €43,750 converted qualifies for the bonus, i.e. €3,500 at most. You opt in from your OKX account, and registration closes on October 8.
Payouts are spread over twelve months: one every two weeks, 1/26 of the bonus each time, starting October 15. OKX states that neither market swings nor trading losses reduce them; only withdrawals during the payout period do, including transfers to OKX Pay.
On the welcome side, OKX credits a €100 X-Perps voucher to new users who make a first deposit, then rewards that grow with trading volume, up to €400; we broke down the tiers in our article on OKX’s current offers. Keep in mind that X-Perps are leveraged contracts, which magnify losses as much as gains.
On the regulatory side, OKX says it holds a full MiCA licence and a MiFID II licence in Europe, and it publishes monthly Proof of Reserves, a model we analysed in detail. Any provider’s status can be checked in the MiCA register published by ESMA.
Giveaway rules, no small print 30 wallets, awarded to the first participants whose entry is validated. One per person. Reserved for accounts opened or linked through the Cointribune link. Shipping fees may apply to winners living outside France. Deposits, trades and bonuses remain subject to OKX’s terms and your country of residence. OKX is not directly associated with Trezor or Cointribune for the distribution of this giveaway. The giveaway ends on October 10, 2026. Two dates frame the operation: October 8 to opt in to OKX’s deposit bonus, October 10 for the Trezor giveaway. The closest one, though, is the date nobody can announce in advance: the day the thirtieth entry is validated.
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